Web Desk March 17, 2021

According to the forecasts of American Petroleum Institute (API), commercial oil reserves in US have decreased last week, APA-Economics reports citing the forecast of API.

 

Last week, US oil reserves have been near to 497,4 mln barrel decreasing by 1 mln barrel.

 

Note that analytics were expecting US oil reserves to increase by 2.72 mln barrels.

 

Recall that the information about US oil reserves significantly affects to the price of “black gold” on the world market.

 

Source: Azeri-Press News Agency

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